There is a newer version of the Oregon Revised Statutes
2015 Oregon Revised Statutes
Volume : 13 - Water Resources, Agriculture and Food
Chapter 553 - Water Control Districts
Section 553.650 - Property liable for indebtedness of district.
OR Rev Stat § 553.650 (2015) What's This?
In addition to the provisions for the payment of bonds and interest by taxation and other provisions of this chapter, all the property of the subdistrict, including irrigation and other works, shall be liable for the indebtedness of the subdistrict. The holder of the bonds, or the United States in case contract has been executed by the United States, may, in case of default in the payment of interest or principal on the bonds, or the amount due on the contract, upon the order of the circuit court, take possession of the works of the subdistrict and operate the same until the amount in default is fully paid.
[1965 c.623 §24]
Disclaimer: These codes may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
